agm summary, page-13

"the options as outlined by RS are:
1. Send the concentrated brine to Olaroz for treatment. The capex for the additional plant is low(ish).
2. Stand alone processing plant at SG.
3. Exporting the concentrated brine"

Also issue to be considered in that Olaroz is part of TT JV whereas SG is part of S.A.Salars JV - so may be up for negotiation - eg will TT want to be part of the SG project as well, or part of the SA Salar JV, will Olaroz be building potash section of plant initially, or if it needs to be expanded for SG chemistry, who pays and in what proportion, etc?

The outcome with Jujuy approvals and any conditions could also be a factor - where completely separating the 2 projects and the politics could be desirable(?)

I'd still expect option 1 is most likely. But obviously nice to have options. There's also Cauchari to consider (like SG part of SA Salar JV).

I'd guess the cards might fall something like:
(1) Olaroz permit
(2) Cauchari drill results
(3) SG initial resource
(4) TT JV signing
(5) Discussions with TT and SA Salars re SG and Cauchari
(6) Olaroz construction kick-off based on decision in (5)?

Could be a wild card if an external player seeks involvement in SG though (another reason to keep options open). Also potential wild card in what LAC and partners decide to do at Cauchari. Not sure about this but if it was me I'd be looking to try and gain some control over the pumping here (purchase, JV)? All speculative of course.

Cheers.